Question

John kenneth galbraith said that in the past all societies had an economy of ______________; now the united states had what galbraith called an economy of __________.

Answer 1

John Kenneth Galbraith is an economist, most widely read economists and is considered to be the most well known economist. In the past, he had said that all societies had an economy of scarcity. In the present, the united states had acquired what Galbraith said, calling an economy of abundance.